inflationary gap


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Related to inflationary gap: deflationary gap

inflationary gap

n
(Economics) the excess of total spending in an economy over the value, at current prices, of the output it can produce
References in periodicals archive ?
The Inflation Adjustment Act included an initial "catch-up" adjustment that was intended to bridge the inflationary gap for civil penalties that have not been recently adjusted.
Kumara Swamy proposed the unique and well-researched Kumara Swamy Theorem of Inflationary Gap in his convocation lecture on Inflation and Economic Development of Nigeria delivered at the Institute of Management and Technology, Enugu, Nigeria on March 3, 1978.
In particular, Friedman had neglected to point out that the tax inflation levies on the equilibrium real money stock can, under certain conditions, close the inflationary gap.
36) The insight underlying the inflationary gap is that an excess of aggregated demand for goods and services over their supply will lead to inflation.
We can see that on average inflation and inflationary gap are very close to each other and except GDP growth rate all other variables (inflation, monetary growth rate and inflationary gap) have almost same volatility with standard deviation ranging from 5.
The inflationary gap between countries integrated in the Euro zone is clearly moving away from the convergence observed on the launch of the single currency, by the ECB is confident this divergence will peter out and convergence of rates be restored.
High commodity prices, an inflationary gap with international suppliers and a challenging economic recovery combine with price sensitive consumers and powerful retailers to increase pressure on food manufacturers and processors.
R Kumara Swarny proposed the unique and well-researched Kumara Swamy Theorem of Inflationary Gap in his convocation lecture on Inflation and Economic Development of Nigeria delivered at the Institute of Management and Technology, Enugu, Nigeria on March 3, 1978.
Inflationary gap models assumed that inflation would lower consumption expenditures by moving income from lower-income groups to higher-income groups.
This paper empirically tests the Kumara Swamy Theorem of the Inflationary Gap for the 19 countries that are included in G-20 designation over the period 1999-2012.
This paper empirically tests the Kumara Swamy Theorem of the Inflationary Gap for 27 European Union countries over the period 1999-2011.
Keywords: Greek economy, Portuguese economy, Inflationary gap, Inflation, Monetary policy.